2019 RMD was used as a charitable donation.

Brewilli · ‎March 19, 2020

My husband and I donated our RMD 2019 funds to our grandaughters college fund College Invest 529 Colorado. The forms let us indicate we used the funds as a charitable donation but did not ask where it was donated. Is that information needed?

VictoriaD75 · ‎March 19, 2020

Yes. When deducting charitable contributions, you must indicate the qualified organization that received the donation in order to take the deduction.

Charitable Contribution Deductions

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xmasbaby0 · ‎March 19, 2020

Doubtful you will be able to convince the IRS that your granddaughter's college fund is a charity. Gifts to individuals are just that---gifts. They are not deductible.

Some states allow a state deduction for money you put into a 529 plan.

But entering the 529 contribution from your RMD as a charitable donation is really shaky.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**